Chapter 877 - Establish A New Company (2/2)

“Shut up, I’m not talking about arms.” Jiang Chen interrupted Robert’s words and coughed. Then he said, “I’m going to register a film company in Los Santos and I’m missing a CEO.”

When Robert heard it was not arms, he immediately became interested, but he didn’t agree right away. Instead, he asked a question that he was more concerned about. “Are you planning on starting your own movie company? Isn’t your Virtual Image Animation working with Warner Bros.?”

“They are holding their shares too tight and they are financially opaque.” Jiang Chen shook his head. “While our cooperation with Warner Bros. is very enjoyable, there are still some small differences in the books. In addition, although virtual reality production is the main business focus of Virtual Image Animation, I don’t intend to make it into another ‘Industrial Light & Magic’ for major film makers, but just for me to have a place in Hollywood.”

“Do you plan to get into distribution?” Robert looked at Jiang Chen weirdly, placed an empty glass on the table beside him, and poured himself another glass. “That’s not possible. The distribution rights of the film are basically controlled by the eight major film studios. I don’t imagine that you can just make a movie and put it on the big screens. The distribution of film is no easier than the production of film. Many movie producers in Hollywood have to tolerate the eight studios leaching off of them otherwise, the things they produced themselves simply can’t reach the theaters!”

“In this era where the channel is king, even the best scented wine is afraid the alley that is too deep (1). The major cinemas won’t scramble to run and beg Future Group to allow them to release its film just because it is influential in the technology sector.”

Robert took a sip of the wine and paused for a moment. Afterwards, he said, “As for the accounting issues… Hollywood scamming foreign investors is not news anymore. They even dares to deceive Wall Street’s capitalists, let alone investors from overseas. If you invested 100 million and North American box office reaches 200 million, they could give you an income statement with minor losses, and that means they went easy on you.”

Here, Robert emphasized the sentence.

“Even if you are working together.”

Jiang Chen shrugged, “So I’m coming to you. Someone who even dares to deceive the Capital has no reason to not deceive the eight major studios.”

“Hey, man, who do you think I am?” Robert was displeased

“The old fox, or something else.” Jiang Chen laughed.

Robert slyly gave him the middle finger and put the glass back on the table.

He didn’t pour himself another glass.

Over the years, he had developed a habit. He could drink freely at a party, but he must stay conscious when he discussed business, and it was best to not touch a droplet of alcohol.

“Come with me, I think we should plan this carefully.” Robert turned around and walked to the living room.

“Isn’t film release being monopolized by the eight major studios?” Jiang Chen ridiculed while whistling.

“Indeed, that’s why I said we should plan things carefully. For example, how can we cut a piece of meat off of these bloodsuckers,” Robert said in excitement.

“So, you are ready to take on the CEO position?”

Robert turned back and smiled.

“Why not? Working with you always brings me good luck.”

(1) The best scented wine is even afraid of the alley that is too deep – Even the best product is afraid of not getting the exposure it needs to sell.